While globally VC-backed fintech companies saw a decline both in the number of deals and volume in 2016 from the highs of 2015, Asia maintained its growth momentum as funding of fintech companies reached an all-time in 2016. 

Globally, VC-backed fintech companies attracted $12.7 billion across 836 deals in 2016. Of this Asia accounted for approximately 20% of deals globally and 43% of global funding in 2016,  showed a report by CBInsights. 

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